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For further details see our joint press release.
NaturalNano and Nylon Corporation of America will work to commercialize NaturalNano’s nylon Pleximer products for the enhancement of the mechanical properties of nylon nanocomposites.
The NYCOA and NaturalNano development program is expected to identify specific product applications in the third quarter of 2007. Peter Shepard, President and CEO of NYCOA, said, “We see tremendous market opportunities in a variety of performance driven applications for lightweight, tough nylon nanocomposites. Working closely with NaturalNano will accelerate the development of novel, high-value materials for these emerging markets.”
“This agreement creates a natural synergy between our halloysite nanotube surface functionalization technology and NYCOA’s expertise in the multiple facets of nylon manufacturing,” stated Cathy Fleischer, PhD, President and CTO of NaturalNano. The combined capabilities of NYCOA and NaturalNano are expected to produce materials of improved characteristics and high value for the polymer composites industry. “Our partnership with NYCOA is a critical step in our path to Pleximer commercialization and introduction in 2007,” Fleischer said.
Next steps under the agreement will address jointly developed accreditation testing, application definitions, and formula optimization that will be used in the pilot and manufacturing processes to produce Pleximer based nanocomposites.
The partnership with Cascade Engineering will centre on commercializing NaturalNano’s Pleximer products for a wide-range of industries.
“”We are looking forward to working with NaturalNano to develop a product whose virtually limitless applications have the potential to substantially improve the design and safety of the everyday products people use,”” said Fred Keller, Cascade Engineering’s Chairman, President and CEO. “”With its focus on strengthening products at the Nano scale and potentially extending their life cycle, our partnership is also an excellent opportunity for Cascade to undertake yet another strategic initiative that advances sustainability and helps leave a smaller environmental footprint.””
”Our partnership with Cascade Engineering is a critical step in our path to Pleximer’s commercialization and introduction into the market in 2007,” said Cathy Fleischer. “By combining our halloysite nanotube surface functionalization and compatibilization technology with Cascade’s expertise in polymer compounding and moulding, we will be able to meet our Pleximer commercialization timeline. In addition, this will help us to produce materials with unique characteristics to create the next generation of products.”
Both NaturalNano and Cascade Engineering anticipate applications in numerous products, leading to utilization of filled halloysite nanotubes (HNT) to develop materials with unique functionality such as flame retardance and antimicrobial properties.
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